$Nasdaq Composite Index (.IXIC.US)$ chairman Mao is speaking...
$Nasdaq Composite Index (.IXIC.US)$ chairman Mao is speaking again this is why the market's rolling over right now.. this is why Trump wants to oversee the Federal reserve because this guy has too much fucking power to move markets every time he opens his mouth he thinks the world revolves around him. and the fact is his Keynesian approach does not work because the data that he is so data dependent on is corrupt it's fraudulent and you can always see it's restated a month after the fact so the damage is done when the sketchy data is announced every week and a month afterwards when it's restated nobody cares.
but this guy is speaking every week at some engagement and he moves markets and that's not his job but he seems to think he's like falcie but he's the most important person in the world and everybody has to bow down to him and Trump's going to fix this as soon as he gets in January 20th
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : additionally they're so focused on getting it to 2% inflation because that is the federal reserve's mandate to destroy your purchasing power by 2% a year they want to devalue your dollar by 2% that is their goal.
BIG_TURRET : Trump does the same thing on the daily. RIVN lost the VW bump in one day based on his comment that he wants to get rid of the EV incentives.
10baggerbamm OP BIG_TURRET : Trump can do whatever you want he can put an EV rebate for Ev within a certain price point he can put an EV rebate for the lowest price model he can do an EV rebate for vehicles made in the United States only
BIG_TURRET : Exactly. effecting markets with Zero clarity
10baggerbamm OP BIG_TURRET : Trump's not in office right now so he cannot do anything from any mandate he can't make any laws nothing January 20th is when the shit's going to hit the fan what he's doing is he's assembling his cabinet right now and he's picking loyal conservative Republicans for different positions within all of the departments. January 20th all of the executive orders that Biden put in place are going to be rescinded with new executive orders he's hitting the ground running full speed.